AgDay TV Markets Now: Chip Nellinger, Blue Reef Agri-Marketing, explains what triggered the commodity wide selloff Wednesday, plus what impact with the Fed action have on commodity markets?
AgDay TV Markets Now: Chip Nellinger Explains the Commodity Wide Selloff and What the Fed Action Means for Ag
AgDay TV Markets Now: Chip Nellinger, Blue Reef Agri-Marketing, explains what triggered the commodity wide selloff Wednesday, plus what impact with the Fed action have on commodity markets?
December 13, 2023 05:45 PM
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Mark Schultz of North Star Commodity says the grain markets are oversold and due for a correction.
Naomi Blohm with Total Farm Marketing says the technical action is feeling like the market is probing for a low.
Brad Kooima with Kooima Kooima Varilek says the charts look positive but he thinks a healthy correction is in store. He’s also skeptical about USDA’s new cash report.
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